I ‘d agree if we didn’t have a Marxist government right now. The boy in charge has a blank check, and is mortgaging the future of a number of future generations.
” said Jim O’Shaughnessy, a well-known investor on Wall Street. “
This is from somebody who *needs* his prophecy to be self-fulfilling to save his own bacon...
Pass him by, folks.....
Sucker rallies are dangerous things.
And the really cool thing about a 25% rise in value? Obama capital gains taxes and inflation from massive government spending will be there to eliminate the burden of that 25% gain from you!
I’d like to have some of whatever he’s smoking. And if by some miracle this does happen all I can say is even a blind squirrel finds a nut now and then.
900?? That’s his big upside. We were at 900 a couple of months ago. If that’s the big upside, it isn’t very encouraging.
Hard to imagine when you are taxing the crap out of small business owners. Small businesses create 97% of all new jobs, and generate 70% of GDP (figures from Fox News ticker yesterday). Even if lower deductions, higher tax rates, and steeply higher utility costs do not hit for 2 years, do you think anyone is going to wait to cut expenses? The future for all businesses is so uncertain that job openings will not be filled, expansions will not be built, and so forth. We are no where near the bottom, yet.
hh